MMEX Resources will jointly develop a green hydrogen project with the province of Tierra Del Fuego that could potentially produce around 55 tonnes of green hydrogen.
Wind power in South America could be a major development in the coming years as many countries around the world look to major players for renewable energy.
With the potential of the wind energy market in Argentina, this excess energy could either be offloaded to neighbouring countries or in fact be converted into green hydrogen.
Not only could this prove to be lucrative for Argentina, but it could also turn the country into a major export nation in the hydrogen market and secure its future.
Gustavo Adrian Melella, Governor of the Province of Tierra del Fuego, said, “MMEX, a North American company with operations in Texas USA with extensive experience in the implementation, financing and operation of energy infrastructure in Latin America and the USA, is evaluating a project for the production of 55 tons of green hydrogen with 160 megawatts of base wind power.
“The excellent wind conditions in the Río Grande area, which allow efficient logistics and production and direct access to the sea, are the basis for MMEX’s entry into Argentine Patagonia.
“The final objective would be the implementation of a green hydrogen node destined to export to Europe and Asia. We welcome and support the participation of MMEX in Tierra del Fuego.”
Jack W. Hanks, the CEO of MMEX, said,“We are very excited to join the Government of Tierra del Fuego to plan this project. The global focus on renewable energy and the need to reduce the planet’s carbon footprint is at the core of Tierra del Fuego and MMEX’s strategy, drawing on MMEX’s green hydrogen expertise.
“Since 1989, in Texas and Peru, MMEX has built and operated thermoelectric plants, oil and gas pipelines, oil refineries and ethanol plants. It has also explored and operated oil and gas fields.
“MMEX, in conjunction with Siemens Energy, recently completed a front-end engineering design study for the production of 55 tons per day of hydrogen for this project and its other projects in Texas.
“Hydrogen can be transformed into Ammonia or Methanol for global exports. It is estimated that the investment will be in the range of US $500 million, generating up to 1,500 jobs in the construction stage and 300 qualified and permanent jobs in the operation stage.”
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